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iShares National Muni Bond ETF

1,498 hedge funds and large institutions have $35.3B invested in iShares National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 587 increasing their positions, 608 reducing their positions, and 115 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 115

0.44% less ownership

Funds ownership: 89.52%89.08% (-0.44%)

3% less repeat investments, than reductions

Existing positions increased: 587 | Existing positions reduced: 608

2% less funds holding

Funds holding: 1,5231,498 (-25)

3% less funds holding in top 10

Funds holding in top 10: 121117 (-4)

5% less capital invested

Capital invested by funds: $37.3B → $35.3B (-$1.91B)

79% less call options, than puts

Call options by funds: $99.1M | Put options by funds: $467M

Holders
1,498
Holders Change
-25
Holders Change %
-1.64%
% of All Funds
20.08%
Holding in Top 10
117
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-3.31%
% of All Funds
1.57%
New
120
Increased
587
Reduced
608
Closed
115
Calls
$99.1M
Puts
$467M
Net Calls
-$368M
Net Calls Change
-$298M
Name Holding Trade Value Shares
Change
Change in
Stake
MCWS
551
McKinley Carter Wealth Services
West Virginia
$2.58M -$15.9M -149,888 -86%
PWM
552
Power Wealth Management
Georgia
$2.57M -$1.94M -18,262 -43%
IP
553
Investment Partners
Ohio
$2.57M -$152K -1,425 -6%
HFS
554
Hoge Financial Services
Pennsylvania
$2.57M +$117K +1,100 +5%
PG
555
Patten Group
Tennessee
$2.51M +$594K +5,587 +31%
PA
556
Parallel Advisors
California
$2.49M -$223K -2,093 -8%
GFWA
557
Grey Fox Wealth Advisors
Delaware
$2.47M -$293K -2,758 -11%
JIR
558
James Investment Research
Ohio
$2.44M -$8.29K -78 -0.3%
FHA
559
Flagship Harbor Advisors
Massachusetts
$2.43M +$378K +3,558 +18%
BMCM
560
Bryn Mawr Capital Management
Pennsylvania
$2.43M +$557K +5,234 +29%
CFC
561
Client First Capital
California
$2.43M
BCM
562
Beaumont Capital Management
Massachusetts
$2.39M +$2.41M +22,642 New
JSA
563
Jacobson & Schmitt Advisors
Wisconsin
$2.36M +$47K +442 +2%
BC
564
Bowman & Company
Wisconsin
$2.34M +$163K +1,530 +7%
PA
565
Procyon Advisors
Connecticut
$2.34M -$331K -3,114 -12%
MWP
566
Madison Wealth Partners
Wisconsin
$2.31M -$75.9K -714 -3%
AWM
567
Accurate Wealth Management
Florida
$2.31M -$354K -3,332 -13%
USCWA
568
U.S. Capital Wealth Advisors
Texas
$2.31M +$2.55K +24 +0.1%
MW
569
Maia Wealth
Colorado
$2.29M +$57.2K +538 +2%
HSG
570
Helen Stephens Group
Texas
$2.27M +$761K +7,151 +50%
PSA
571
Plum Street Advisors
Louisiana
$2.27M +$91.7K +862 +4%
SWA
572
Stratos Wealth Advisors
Ohio
$2.26M -$2.43M -22,892 -52%
MWC
573
MKD Wealth Coaches
Michigan
$2.25M -$1.39M -13,054 -38%
AIM
574
Alhambra Investment Management
Florida
$2.25M -$145K -1,367 -6%
AF
575
Advisornet Financial
Minnesota
$2.22M -$1.67M -15,669 -43%

MUB Hedge Fund Activity: Q1 2025 in Review

1,498 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2025, worth a combined $35.3B — down 5.1% from $37.3B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 115 closed out — a net gain of 5 holders — while 587 added to existing stakes and 608 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $196M. The largest seller was Bank of America, cutting an estimated $217M.

  • 1,498 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2025, down from 1,523 in Q4 2024.
  • Funds reported $35.3B of iShares National Muni Bond ETF stock for Q1 2025, down 5.1% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2025 and 115 closed out, a net change of +5 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2025 was D.E. Shaw & Co, an estimated $196M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2025 was Bank of America, an estimated $217M sold.

Based on aggregated 13F filings for Q1 2025.